thanks Smash! I was thinking about going long after the close based on the fact that 7354 held but also saw the weak close and doubted, what do you think? I have both long and short term accounts. Thanks!
I think your hesitation was understandable given the weak close. I always like to see some type of failure from sellers first after a weak close. The early overnight look-below-and-fail of 7395 (Smashlevel) provided a great setup, with sellers attempting immediate follow-through but failing to gain acceptance lower. In RTH, the key for buyers is to defend 7429 (UT1), which also offered a great setup overnight.
I find that my main issue is determining when there is a trend day. I can make money on balanced days but trend days tend to kill me. Any advice on this will be more than appreciated. Thanks!
Thanks Smash!
thanks Smash! I was thinking about going long after the close based on the fact that 7354 held but also saw the weak close and doubted, what do you think? I have both long and short term accounts. Thanks!
I think your hesitation was understandable given the weak close. I always like to see some type of failure from sellers first after a weak close. The early overnight look-below-and-fail of 7395 (Smashlevel) provided a great setup, with sellers attempting immediate follow-through but failing to gain acceptance lower. In RTH, the key for buyers is to defend 7429 (UT1), which also offered a great setup overnight.
thanks a lot. This is very helpful!
Essential and detailed rhythm of the market. Read it everyday and it becomes its own realm of understanding. Thanking you every day Smash.
I find that my main issue is determining when there is a trend day. I can make money on balanced days but trend days tend to kill me. Any advice on this will be more than appreciated. Thanks!
Thanks Smash!
Levels are great
Thanks for sharing
thank you good sir
Thank you as always Smash!
Thank you, Smash! Q. How long have you’ve been trading/learning?